Jubilant FoodWorks shares gained nearly 4% in intraday trading following the Q1 business update, with the stock opening at ₹439.20 and climbing to a high of ₹455.25 on the NSE. As of 11:30 AM, shares were trading firmly in the green at ₹450, accompanied by a sharp rise in trading volumes. According to NSE data, around 7 million shares changed hands, surpassing the previous session's total quantity of 6.6 million shares. The positive market response reflects investor confidence in the company's strong revenue growth and expansion strategy, with the stock gaining momentum from both the Q1 results and the improved Q4 performance.
Jubilant FoodWorks delivered robust financial results in Q1 FY27, with consolidated revenue from operations reaching ₹25,693 million (₹2,569.3 crore), marking a 14.1% year-on-year growth. The company's standalone revenue from operations stood at ₹18,485 million (₹1,848.5 crore), registering a 9.2% year-on-year increase. According to exchange filings, this performance demonstrates the company's strong operational momentum across its pizza chain operations, with the figures being provisional as reported by the company. The stock responded positively to the results, with shares of Jubilant FoodWorks Ltd rising 2.98% to ₹451 following the announcement.
The company's flagship brand Domino's India showed positive momentum with like-for-like (LFL) growth of 2.5% during the quarter. However, Domino's Eurasia reported a decline of 1.3% LFL growth (post Ind AS 29), indicating mixed performance across different geographic markets. As reported by exchange filings, the company noted that same-store sales growth (LFL) for Domino's India remained muted at 0.2% during the quarter, compared to double-digit growth seen in the year-ago period. The slowdown was attributed largely to ongoing commercial LPG supply constraints, with more than 95% of outlets dependent on LPG, and competitive intensity in the pizza segment continuing to moderate.
Jubilant FoodWorks continued its aggressive expansion strategy during the quarter, adding 76 new stores across its network to reach a total of 3,712 stores at the end of the quarter. According to exchange filings, Domino's India added 58 new stores, bringing its total count to 2,513 stores, while Domino's Eurasia added 8 new stores, taking its total store count to 795. The group store network includes both corporate and franchisee stores across four brands and six markets. This expansion strategy demonstrates the company's commitment to market penetration and network growth, with the company adding a net 69 stores during the quarter as reported in previous quarters.
Post business update, Motilal Oswal Financial Services has maintained a 'Neutral' view on the stock for a target price of ₹475, implying an upside of 8% from the previous close of ₹438.25. The brokerage said that the company's revenue grew in line with its estimate and that LFL growth at 2.5% was impressive. However, Jubilant FoodWorks shares have underperformed the market over recent years, with the stock declining 18.6% so far in 2026 compared with a 6.2% fall in the Nifty 50. Over a one-year period, Jubilant FoodWorks shares have corrected 34%, while the benchmark Nifty index has slipped 3.7%. Over a three-year period, the stock has yielded a negative return of 9% compared with a 27% gain in the Nifty 50.
